Short Interest in Viavi Solutions Inc. (NASDAQ:VIAV) Increases By 19.7%

Viavi Solutions Inc. (NASDAQ:VIAV) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 10,283,136 shares, a growth of 19.7% from the January 15th total of 8,590,921 shares. Based on an average daily volume of 5,964,332 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.5% of the shares of the company are short sold. Currently, 4.5% of the shares of the company are short sold. Based on an average daily volume of 5,964,332 shares, the days-to-cover ratio is presently 1.7 days.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 20,000 shares of Viavi Solutions stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $27.51, for a total value of $550,200.00. Following the sale, the chief executive officer owned 20,238 shares of the company’s stock, valued at $556,747.38. The trade was a 49.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 816,478 shares of company stock valued at $18,252,526. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its position in Viavi Solutions by 39.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after purchasing an additional 63,605 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Viavi Solutions in the second quarter worth about $7,764,000. Oak Ridge Investments LLC purchased a new stake in shares of Viavi Solutions in the third quarter worth about $3,855,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Viavi Solutions in the third quarter valued at about $1,187,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Viavi Solutions by 29.5% in the third quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock valued at $12,372,000 after buying an additional 221,949 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $26.30 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $6.09 billion, a P/E ratio of -146.10 and a beta of 0.96. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $16.11. Viavi Solutions has a twelve month low of $8.10 and a twelve month high of $28.15.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company’s revenue was up 36.4% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts expect that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VIAV. Argus raised their price target on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Susquehanna boosted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Rosenblatt Securities set a $27.00 price target on shares of Viavi Solutions in a report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $22.13.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.